120 Village Place | 120 Village Pl
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120 Village Place 120 Village Pl
8,248 SF Retail Building Fairfield Bay, AR 72088 $299,000 ($36/SF) 12.49% Cap Rate
Executive Summary
Village Mall Building for Sale in Fairfield Bay, Arkansas Your opportunity to own a prime piece of commercial real estate in the heart of Fairfield Bay has arrived. Presenting the Village Mall Building, a versatile space that perfectly caters to both professional & retail endeavors. Designed with functionality & accessibility in mind, this property offers numerous features & recent upgrades that set it apart from the competition. HVAC systems have been replaced or well-maintained. The roof was replaced in 2016 costing over $125,000. A new gutter system was installed in 2016. In 2023 a ADA Compliant Bathroom was added and both bathrooms updated, Most lighting interior and exterior was replaced to LED lighting. This building/land also includes the clock tower adding unique character & charm. See agent remarks rental income and expenses available upon request and approval of owner. Fairfield Bay is a community known for its inviting atmosphere & scenic beauty. The Village Mall building offers an excellent investment opportunity whether you're an investor or a business owner seeking a well-located turn-key space this would make a perfect choice. Don't miss this opportunity today.
New roof in 2016 cost over $125000.
ADA Bathroom added in 2023. Both bathrooms updated at that time.
All LED lights on the exterior.
LED interior lighting on most interior spaces.
Common hallway emergency and LED lighting upgraded.
Exterior metal siding added to upper portion of the building.
New rain gutter system added in 2016.
HVAC units are in good repair or have been replaced.
Clock Tower is part of this property.
36 Parking spaces.
New roof in 2016 cost over $125000.
ADA Bathroom added in 2023. Both bathrooms updated at that time.
All LED lights on the exterior.
LED interior lighting on most interior spaces.
Common hallway emergency and LED lighting upgraded.
Exterior metal siding added to upper portion of the building.
New rain gutter system added in 2016.
HVAC units are in good repair or have been replaced.
Clock Tower is part of this property.
36 Parking spaces.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Storefront
Building Size
8,248 SF
Building Class
C
Year Built
1978
Price
$299,000
Price Per SF
$36
Cap Rate
12.49%
NOI
$37,355
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.24 AC
Zoning
CS - Commercial services zoning
Parking
51 Spaces (4.24 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Fiber Optic Internet
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $50,790 | |
| Land Assessment | $30,180 | Total Assessment | $80,970 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$30,180
Improvements Assessment
$50,790
Total Assessment
$80,970
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120 Village Place | 120 Village Pl
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